We’re communicating instantaneously over a globe spanning computer network. In the early 90s that was not possible for the average joe. It was only in the very tail end of the decade that doing so didn’t require a fair amount of money and/or technical knowledge.
The network provides all of the information in every library on the planet to us instantaneously.
10 years after Zod’s snapped neck, Martha, “some kinda Suicide Squad”, CGI moustache, rennouncing your wish, the hiearchy of power changing, and Speed Force PS1 graphics, the DC Extended Universe finally comes to a close. And it ends the same way it started - with a Rotten score....
There’s something called dynamic range, which is essentially the difference between the loudest and quietest sounds. With a low dynamic range explosions and whispers are just as loud as each other.
There has been a recent trend for filmmakers to want a high dynamic range. This makes explosions, car crashes, and gunshots feel extra impactful. The problem is that that means other things become more quiet by comparison. Those “other things” include dialogue.
This leads to people not in a movie theatre or with a home audio setup that costs more than my car not being able to hear a goddamned word.
Surely this will get people to think and vote the way I want them to. In the mean time let’s work ourselves into a fervor by publicly talking about how everyone who doesn’t agree with us are bigots.
But creativity is hard and risky. Can I interest you in a milquetoast film written by committee instead? I promise it was made with almost no planning or preparation and rushed out the door.
Thankfully, we are not at risk of another 2008 housing crash at this time - or at least not for the same reason.
The extremely (almost irresponsibly) abridged version of the 2008 subprime mortgage crisis is that banks were giving out loans to people who could not afford to pay them.
The similarly simplified version of what’s going on today is that people cannot afford to take a mortgage and aren’t getting them. Back in the bad old days loan officers would have given out the mortgages anyway to boost their numbers and the bank would have bundled that loan with others to hide it and started the game of hot potato. That isn’t what’s happening today.
That’s not to say a market crash the size of the '08/'09 crash won’t happen, or won’t happen soon, or won’t be caused by the housing market. It’s just that the circumstances that triggered the 2008 crash aren’t present today.
Yes. Today you’ll hear people online talking about how mortgages are unaffordable. If they somehow decided to apply anyway the bank would reject them.
The difference between now and the years leading up to the 2008 crash is that loan officers would have given people those mortgages despite the payments not being doable as you said.
A lot of banks were offering variable rate mortgages that had lower interest for the first few years of the loan and advertised this lower monthly payments. This would get applicants in the door. When they asked about the later interest increases (that would bump the monthly payments higher than they’d be able to afford) they were assured that they’d be able to refinance their debt.
This and other shady sales practices are not happening today largely because federal regulations and oversight placed after the fact.
The TL;DR is that the math on mortgages doesn’t check out for a lot of people. In the early 2000s banks were more than happy to give you a mortgage anyway. That simply isn’t happening right now.
Can you provide a reputable source that large numbers of people are taking mortgages they’re likely to default on?
I have not heard any reporting saying that is happening. I do, however have a family member who works in banking and interfaces with federal regulators that enforce the laws passed to prevent future subprime mortgage crises.
I’m going to catch some flak but I found myself in a position where H&R Block came in handy. It wasn’t for any services they rendered but because they have something akin to a protection plan where you pay a one time fee and they provide legal representation if any tax authority decides to come at you after filing.
The two times I used them were when I made an interstate move and the following year when I purchased a house. The place I moved to has a byzantine regional tax authority that collects local taxes on behalf of most - but not all - municipalities in the county (like I said - byzantine). This regional tax authority is notoriously disorganized and aggressive, opening investigations about years old tax debt that amounts to pennies only to discover that the debt was paid but their records were misplaced.
Both years I filed with H&R Block and signed up for their protection plan. Both years the regional tax authority opened investigations. Both years H&R Block paid for a lawyer to get on the phone and get the stick out of the tax authority’s ass.
This is a super niche case but until I have a year where I basically don’t do anything interesting (move, have a kid, change jobs, etc.) or the regional tax authority gets it’s shit together and chills out H&R Block is actually providing value to me.
Male Loneliness (slrpnk.net)
Not the couch! (lemmy.ananace.dev)
The DCEU ends not with a bang, but a wimper. (lemmy.ml)
10 years after Zod’s snapped neck, Martha, “some kinda Suicide Squad”, CGI moustache, rennouncing your wish, the hiearchy of power changing, and Speed Force PS1 graphics, the DC Extended Universe finally comes to a close. And it ends the same way it started - with a Rotten score....
And thus my subtitle requirement was born (lemmy.world)
Offering solutions is annoying (lemmy.world)
I used to think X (sopuli.xyz)
Box Office: ‘The Marvels’ Gets Grounded With MCU’s Second-Lowest Opening Day Ever (variety.com)
What a difference a decade can make (startrek.website)
So how much "bad" debt are you in?
Hear about how much debt everyone in the US has all the time, curious about some of your stories!...
What are some modern bullshit jobs?
Jobs that either don’t contribute in any meaningful way or jobs where one would be better off if they were paid to be on call.